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Jefferies Reiterates Their Hold Rating on SL Green Realty (SLG)


Jefferies analyst Jonathan Petersen reiterated a Hold rating on SL Green Realty (SLG) yesterday and set a price target of $91. The company’s shares closed yesterday at $96.20.

According to TipRanks.com, Petersen is a 5-star analyst with an average return of 9.9% and a 71.7% success rate. Petersen covers the Financial sector, focusing on stocks such as Government Properties Income Trust, First Industrial Realty Trust, and Office Properties Trust.

SL Green Realty has an analyst consensus of Moderate Buy, with a price target consensus of $104.13.

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The company has a one-year high of $106.54 and a one-year low of $89.46. Currently, SL Green Realty has an average volume of 742.9K.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. Most recently, in October 2018, Matthew Diliberto, the CFO of SLG sold 35,000 shares for a total of $3,229,588.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SL Green Realty Corp. is a real estate investment trust, which engages in property management, acquisitions and dispositions, financing, development and redevelopment, construction, and leasing. It operates through the Real Estate, and Debt and Preferred Equity Investments segments.